With the business expansion of companies like the Kinpo Electronics Group in the Philippines, the country takes part in Taiwan’s progress as a major supply chain source of industries in the region. Taiwan is currently one of the Philippine's top trading partner and investment source. In photo, Department of Trade and Industry (DTI) Secretary Gregory L. Domingo (center) together with DTI Undersecretary Ponciano C. Manalo, Jr. (second from left) and DTI Representative to Taiwan Benedict M. Uy (left) pose with New Kinpo Chief Executive Officer Simon Shen (second from right), and CalComp Thailand (a Kinpo Group subsidiary) Managing Director Tony Chow (right) during a call on December 16, 2014 at Industry and Investments Building in Makati City. In 2014, New Kinpo invested US$31.5 million or Php 1.4 billion to set up a new factory in Batangas that will be operated by its subsidiary Kinpo Electronics Inc. It also announced that it intends to invest another US$31 million for the factory’s expansion this year. These projects are expected to employ 4,000 to 6,000 workers.